P1-63B. (Learning Objectives 3, 4: Using the accounting equation; evaluating business operations) Compute the missing amounts (?) for each company—amounts in millions.

Which company has the:

■ Highest net income?

■ Highest percent of net income to revenues?

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Beginning Assets... Liabilities. Share capital........ Retained camnings. Ending Daphne Corp. Joshua Co. Eugene 80 40 ? 43 25 1 9 3 ? 12 25 2 5 Assets........ 42 8 Liabilities 48 24 ? Share capital........ 3 Retained earnings 33 22 2 1 ? ? Income Statement Revenues Expenses. Net income.. Retained Earnings Beginning retained earnings + Net income........ Dividends...... - Ending retained earnings..... 218 ? 12 210 152 ? ? 2 28 ? (3) 33 12 9 (5) 22 (2) 5780